You are right gemfinder.

A word of advice for everyone out there, if you have no upfront cash , please do not trade.

Trade only with your excess cash other than your savings/FD/etc.

Don't cause hurt by making unnecessary risk of losses to you and your love ones at home especially in this difficult and challenging times.

Health director-general (D-G) Datuk Dr Noor Hisham Abdullah said this means the community has to be more careful as the Covid-19 virus with the D614G mutation has been detected in Malaysia.

"It is found to be 10 times easier to infect other individuals and easier to spread, if spread by 'super spreader' individuals.

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https://www.theedgemarkets.com/article/health-dg-covid19-virus-d614g-mutation-detected-malaysia

Wow.
Never knew Contra ban can affect so many people here.
In other words, many here are either trading without cash at hand or trying to make instant gain by trading intraday.

@ OTB
How do you know August & September ASP increase by 30% respectively?

@greedy44444

No need "if".

It's confirm.

Check out the last 5 biz venture the company proposed, nothing actually materialized since 2010.

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Posted by greedy44444 > Aug 10, 2020 5:55 PM | Report Abuse

If this company failed to deliver the vaccine surely it will crash to 30 cents

@ GooShen

Too bad Donald Duck will only be around till Nov 2020.
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Posted by GooShen > Aug 10, 2020 12:19 PM | Report Abuse

Don’t be silly. Trump want to bring down the tech sector to make room for its tech company to chase up the gap fall behind China. 3-5 years tech will be like furniture stock.

Anyone has any news or updates on Top Glove banned gloves in US Customs and Border Protection (CBP)?

Almost 1 month already.

Please share.

1. Below 300mil

He may have predicted it for best case scenario.
However, it's only achievable the following 1-2 quarters where ASP hikes are 30% in July-Sept and another 30% in Oct-Dec as per company's management guidelines.
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Posted by Apple391 > Aug 5, 2020 5:23 PM | Report Abuse

I was just thinking who predicted 400m to 600m PAT and gave false hope to the market? Is he still in this group? No hard feeling but this always happen when everyone want to become sifu before qr. After this will be kossan, supermax and tg. When qr out sifu run away

A disappointing QR. Probably due to slow increase in ASP as compared with Supermax and Topglove

Those who are joining the AGM should ask this questions:
1. Why major shareholder is disposing his own shares of 64,650,000 lately?
To whom?
2. Is the company plans to explore precision cleaning in medical devices to reduce dependency on semiconductor earnings.
3. Will the company be expanding the operations to support TSMC new plant in US?
4. Will the company be providing cleaning services to SMIC china?

AGM is tomorrow at Eastin Hotel.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066183

Anyone here joining?

QR result should be out in a few weeks time.
Looking forward for a better result than previous QR, as overseas job backlogs in April/May can be cleared and reflected in this coming one.

The pharmaceuticals in Malaysia helps to manufacture and package the vaccine.

Malaysia population is around 32 million.

We have 3-4 large pharma.

How much vaccine to produce for Malaysia?

What is the profit margin?(after net off royalty,licensing,etc for the foreign entity)

How many Malaysians will be willing to take the shots assuming fully sponsored by Government of Malaysia?

@pBlue

Just for your info, NZ Foodstuff generates revenue of over NZ$7 billion per annum.

Though I do agree the impact from NZ for Top Glove is minimal.
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Posted by pBlue > Jul 29, 2020 4:54 PM | Report Abuse

Just one supermarket chain. They will take TG gloves off their shelves until the issue of force labor is resolved.

Not a government ban.
Not a boycott by all supermarket.
Just one chain. And from the sounds of it, it is a products that has already been sold by TG.

New Zealand has a population of 4.8 million.

Posted by haihai > Jul 29, 2020 4:46 PM | Report Abuse
New Zealand banned all TG product?

The major shareholder had been disposing 64,650,000 since May 2020 to someone.

The company is always able to have private placement.

The question is why reduce his stake?

Bonus issue ex-date soon.
New medical biz to bring additional income.
Expecting better results in a few weeks time

Actually I was thinking, if vaccine is out, would anyone try it?
Normally, it takes like 2-3 years with proper trials and testing before it is commercialized.

Now most advanced pharmaceutical companies are rushing their trials and testing in hope for year end 2020 commercialization.

In other words, it would take them only 6-7 months to produce them.
Will there be any side effects to our health?
Does it cause any other unwanted irritations or harmful effect?
Do the large multinational pharmaceutical publish all their results and being transparent about those failed test?

Question is anyone interested to be the live guinea pig?

The disposal is not in the open market.
It's likely that it was sold to someone close.

Not sure why people are chasing this counter when the contract is not a profitable biz.

Do you know it's gross profit margin is only 3%-5% pa, thus the net profit margin is between 1%-2% pa.

As contract is lock in for 5 years forward, manpower or resources of workers especially migrant workers normally increase 5% pa.

Almost razor thin profit.

Any slight mistake, would be net losses for next 5 years.
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https://www.theedgemarkets.com/article/bioalpha-active-surges-39-rm21b-contract-supply-health-food-products-china

Will this be another round of set back for Tan Sri Lim.
Looks like not easy for IWH-CREC to pay the balance of the RM1.1 billion for Bandar Malaysia.
Last round in 2017/2018 also didn't manage to pay the deposit balance.


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https://www.theedgemarkets.com/article/iwhcrec-gets-extension-settle-rm11b-outstanding-bandar-malaysia-acquisition-deposit

Almost sold most of my shares as the management direction is longer aligned with what I have in mind.
I'm confused with the Rights Issue previously and now with the further revision, I'm no longer able to appreciate their "master plan".

Anyway, many others are still following.

All the best. Moving on after following for 3 yrs.

Wow.
The revision for rights issue is mind boggling.

In the min scenario ,enlarged issued share is almost 2 bil.

In the max scenario , enlarged issued share is almost 2.7 bil.

Under max scenario almost rm100 mil for "future biz venture".

I felt the company management should just focus on the power plant project for the 1st 5 years after COD and use the period to accumulate a warchest and strong cashflow to venture other stuff.

@ darren88888

The reason is Harta has not reflect its actual earning capacity last quarter(up to march 2020). IBs and analyst are not able to compute and estimate Harta's full earnings and the growing ASP.
Once the coming quarter is out with full ASP factored in, the IBs will be able to paint a better picture.

Same goes to Kossan.

Unlike Supermax, their deeper inventory(4mths) allows greater earnings potential during the march quarter.

And of course Top Glove has till May 2020 results, sure able to reflect greater earnings capacity.
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Posted by darren88888 > Jul 17, 2020 10:45 AM | Report Abuse

Why seems like harta is the one with scandal rather then top glove？ price up so little

Looking at the Top Glove news on the detention of its product in US, this bodes well for Harta as the 2nd largest nitrile glove and having most of their clients in US which offer the highest ASP.

Anyone reading :Supermax has increased selling price - Koon Yew Yin

I suggest that you exercise caution on his words.

The ads selling glove is at retailers pricing and is very much different from manufacturers selling price.

Study and get the facts right instead of following the herd.

Very much agreed Airasia is a well run company.
Top management able to find a solution for this pandemic period.
Most airlines worldwide are also hit.
Let's see if right issue or private placements will be proposed to add additional buffers for the company financials.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066638

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066975

Hopefully is to buy more of their own shares.

Seems the IBs just can't get it right.

Seems all the fame is surrounding Topglove having the greatest ability to scale/expand capacity and increasing ASP as when they like.

Fame partially went to Supermax in their ability to have better ASP due to OBM structure/pricing.

Many analyst(IBs) also blowing trumpets on both and nothing much on Harta even though the company is No.2 in the world with above average profit margin and better technological advancement in products and production line.

Actually, I believe KYY was referring to assumption or speculating a future profit.

He's not wrong to say that but there must be cautions when company change the core biz.

J@K$ is in water,infrastructure and property development.

Going into utility(power) biz is quite different and require different skill sets. It's like comparing a plastic surgeon and a heart transplant surgeon. Though both knows how to cut and sew, they are very specialise indeed.

But looking at their % of ownership, we know the plant will be run and operated with the expertise of Chinese company which have the know how.

Though whether the plant will be profitable is really everyone's guess.
No biz is guaranteed profit. It depends on who is running it and the timing.

We shall see in the coming quarters that J@K$ can justify their rights issue and their plan to turn around the company by moving into utility biz.

Next month QR will know the remaining 8% is completed.

What is more annoying is the large no of shares after the right issue with min scenario 1.1bil and max scenario 1.4 bil.

Though this is not unexpected with the poor execution of the msian property arm.

DK66 articles will need further adjustments(eg:EPS) in view that the no of shares have increased significantly. Though fundamentals remain unchanged for now.

@pang72
Stop spamming this forum.
By the way, Harta will never hit RM100....you are talking rubbish.
AT RM100, Harta will be more than RM300 billion in market capitalization.
That's 4 times larger than Maybank market cap.
DO you know Maybank earn more than RM2 billion in net profit per quarter and has more than RM800 billion in assets.

Results as expected.
Property and construction affected during MCO.
Nothing surprising.

QR result may not be good.

Since the remaining 7% is not completed between Jan-Mar 2020.

Thailand's first major IPO amid the pandemic brought in 14.9 billion baht ($482 million) for the kingdom's largest maker of medical gloves, Sri Trang Gloves Thailand. The timing helped, with personal protective equipment in high demand due to the ongoing pandemic.

The subscription period for the 438.78 million new shares, priced at the top of a marketed range of 32-34 baht apiece, closed Thursday. The shares are expected to make their debut on the local stock market on July 2.

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https://asia.nikkei.com/Business/Health-Care/Thai-medical-glove-maker-raises-482m-in-IPO-to-expand-production

One thing about Harta.

The management doesn't comes out to boast of the better than expected profits or revenue as compared Supermax and Topglove bosses.

Also Topglove had overtaken Harta as the largest nitrile glove maker.

Hoping for some message from management on how to reclaim its top spot.

This coming quarter result should be interesting.

@AxeCapital2077

Firstly, rebalancing portfolio didn't come from me. Check it from TheStar news.

Secondly, I have group of friends from IB and PE firms. I know how they think.

Thirdly, I think you are making losses, thus your tone. I believe you are a novice in stock market.

Fourthly, this is a free forum, we share info and opinions. You can filter whichever you dislike.

Lastly, Gpacket is not my only stock, I do not need to reach my entry point and I do not expect buying 10 stocks and all 10 stocks make gains.

In Summary, buy/sell at your own risk. Assess information and do you own study.
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Posted by AxeCapital2077 > Jun 23, 2020 12:41 PM | Report Abuse

newbie8080 dont kid and lie to yourself you are probably just hoping the stock goes up to your entry point. How the hell do you know they have disagreements or rebalancing their portfolio? oh wait ''probably''

Looking forward for TG to adopt IR4.0.

Reduce reliance on manual workforce and fix overhead cost.

Fully automation throughout the entire process lifecycle.

Adoption of IOT and autonomous drones to move inventory.

Higher profit margin margin.

Interesting move by the PE firm to disposed below 1 year of holding.

The excuse from the PE firm to rebalance portfolio is definitely false as PE firm will not change its investment stance in a short period of less than 1 year.

Fundamental had not changed.

Probably disagreement between the PE firm and CC Puan on the expansion plan.

Anyone can share news on China Glove makers?

Understand that they are also expanding their production line and they are able to scale up pretty fast, just like the hospital built in 10 days.

@Joycelee

Normally you would wear gloves. But some poor countries in African continents such Kenya, Nigeria, Uganda,Malawi, Sudan, etc may not.

Poor middle eastern countries in warzone such as Yemen, Syria,etc may not

Poor Asian countries such as Bangladesh,Pakistan, Afghanistan,etc may not
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Posted by Joycelee > Jun 17, 2020 5:36 PM | Report Abuse

even with steroid, you still need to wear hand glove to inject steroid i guess?

The question is why would anyone be interested to pay more for OBM products if there is other cheaper options eg: OEM with lower ASP?

Why S5 is not seeking via IPO?

Isn't it more glorious way into Bursa.

Unless it could not qualify the requirements of new listing.

@freetospeak

Why is there a need to do it earlier?

@GooShen

I didn't get it at IPO. It's not a big deal.

We don't load up few months back because we had already loaded up years ago.

We are buying and investing in a biz not gambling.
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Posted by GooShen > Jun 15, 2020 10:47 AM | Report Abuse

You better say you bought before IPO. Average not even 10cents
If you are sk sure, why you don’t all in few months back? I buy stock when price is right, just like I call buy Penta 2.80 when you all panic. I sold 3.50, but I don’t chase high like dumb crab.

I love market crash and always want it to be !!

Topglove has the highest capability to expand production among the rest.
Having able to sell more gloves is the key, higher ASP will provide the profit margin.
Currently, Topglove is producing double of what Harta is producing.

I really like the company CEO for Serba Dinamik which run consultation services for O&G, Engineering, Procurement, Construction and Commissioning (EPCC), IT infrastructure,etc which provide good profit margin.

Initially, I was not happy with the company diversing into tech but looking at the world moving into Industrial 4.0, I think the company should give it a try.

But the news of the company moving upstream with the acquisition of Teluk Ramunia is a drawback for the company.
Almost all companies running this sector of biz are making huge losses.
I think Datuk Karim made a mistake in moving upstream.
I'm all out from this counter.

Yes, it's 2012.
Trying to respond to ChandraLim that the company's direction had shifted since 2012.
Harta is no longer looking at profit margin as compared to market share.